General Motors Technical Analysis | General Motors Trading: 2022-02-10 | IFCM
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General Motors Technical Analysis - General Motors Trading: 2022-02-10

GM Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Below 47.58

Sell Stop

Above 55.44

Stop Loss

Ara Zohrabian
Senior Analytical Expert
Articles 2323
RSI Neutral
MACD Neutral
Donchian Channel Neutral
MA(200) Sell
Fractals Neutral
Parabolic SAR Sell

GM Chart Analysis

GM Chart Analysis

GM Technical Analysis

The technical analysis of the General Motors stock price chart on daily timeframe shows #S-GM, Daily has fallen below the support line and the 200-day moving average MA(200) which has tilted downward. We believe the bearish momentum will resume after the price breaches below the lower boundary of Donchian channel at 47.58. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the upper boundary of Donchian channel at 55.44. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (55.44) without reaching the order (47.58), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Stocks - GM

General Motor’s stock fell after Morgan Stanley downgraded company’s stock rating. Will the GM stock price continue retreating?

General Motors Company is an American multinational automobile manufacturer which sells automobiles and commercial vehicles under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, and Wuling brand names. Its market capitalization is $77.2 billion. The stock is trading at P/E ratio (Trailing Twelve Months) of 7.9 currently, GM’s revenue for the twelve months trailing was $127B and the Return on Equity (ttm) is 17.22%. on Tuesday morning, Morgan Stanley cut GM's rating on to equal weight, from overweight, and lowered its price target by 26.7%. The stock price took an immediate 5% hit from the downgrade. Rating downgrade is bearish for a stock price. At the same time General Motors announced it plans to increase production of electric trucks and Cadillac sport utility vehicles this year by more than six times the previously planned output. Successful implementation of plans for higher production are an upside risk for the GM stock.

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This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

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